The Greedy Trader Weekly Analysis
Sign In Apr 20, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend
Energy Select Sector SPDR
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a first positive week for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 4.06 points, or 6.03%, and closed at 71.41 on Friday, April 13, 2018. Weekly volume was 17% above average.

Long-term trend: [See XLE long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 49.93 and reached 78.45 on December 12, 2016. XLE gained -28.52 points, or -57.12%, in 46 weeks. The chart has formed a Descending Triangle chart pattern. The trend support level is at 66.61 and resistance is at 78.38. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a long-term trend.

Medium-term trend: [See XLE medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 78.39 and reached 64.45 on February 9, 2018. XLE lost 13.94 points, or 17.78%, in 2 weeks. The price is now at the 49.93% retracement level.

Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 9, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See XLE short-term trend chart]
A short-term uptrend had started on February 9, 2018 at 64.45 and reached 71.70 on April 13, 2018. XLE gained -7.25 points, or -11.25%, in 63 days. Price is near the trend high.

Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since February 23, 2018. This is an indication that the short-term trend is up.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.67
Williams' Percentage Range (W%R) 10.20
Overbought
Lane's Stochastic (%D-Slow) 88.11
Overbought
Greed/Fear Indicator (GFI) 81.53
Overbought
Moving Average Converg./Diverg. (MACD) 0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.49
Williams' Percentage Range (W%R) 52.90
Lane's Stochastic (%D-Slow) 33.01
Greed/Fear Indicator (GFI) 41.46
Moving Average Converg./Diverg. (MACD) 0.30
Trading Signals
Description Value Chart
Yearly Trendline Resistance 78.38
Upper Bollinger Band 71.59
Price 71.41
Daily Stochastic Crossing 71.32
50 Day Moving Average 68.12
20 Day Moving Average 67.94
Weekly Stochastic Crossing 67.30
Parabolic System 67.03
Yearly Trendline Support 66.61
Lower Bollinger Band 65.49
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.45
Low Date 02/09/2018
High 71.70
High Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.39
High Date 01/24/2018
Low 64.45
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.80
Low Date 08/21/2017
High 78.39
High Date 01/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.45
High Date 12/12/2016
Low 61.80
Low Date 08/21/2017
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Valid
Resistance 78.38
Support 66.61
Low 49.93
Low Date 01/20/2016
High 78.45
High Date 12/12/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2016 All rights reserved.